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IDS World Markets Wed 9th December 09


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w?s=^AORD

 

 

Still on the downward trail with a way to go until we hit solid support. All Ords closed -0.7%, Gold still in the downside lead, -2.2% followed by Healthcare -1.5% and Miners/Utilities -1.4%. There were two greens, REITS +0.9% and Utilities +0.8%.

 

Tending to red in Asia: China -1.4%, Honkers -0.9%, India -0.2% and Nikkers -1.4%.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

image;size=239x110

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Bloomberg television reporting giant miss on Japanese Q3 GDP, coming in at 1.3%. Explanation seems to be a retreat by corporations with capex falling off a map.

 

Deflator preliminary at 0.5% revised to -0.2%.

 

Yikes.

Well, looks like it's just frabjous news, because SPX futures are up over 4 points -- rose steadily since your post

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greece ATGI broke duabi low. now flirting with July 2009 low. it is doens hold then march 2009 low will be visited. but this is the place to bounce.

 

3m

http://stooq.pl/c/?s=atgi&c=3m&t=c&a=lg

?s=atgi&c=3m&t=c&a=lg

 

1y

http://stooq.pl/c/?s=atgi&c=1y&t=c&a=lg

?s=atgi&c=1y&t=c&a=lg

 

 

BTW, dubai is still falling., today again 6%.

http://www3.dfm.ae/marketwatch/default.aspx

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Once again they (whoever they are) seems to have read KWave's comment on M2M last night and said "let's mess with the bears." They have refused to break the SPU and seem to be gunning for 1100. Once again when KWave says the bears have to do something, the bears leave town.

 

But the day is young, and I am an eternal optimist that the markets and reality will coalesce someday.

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Greece Finance Minister Says No Risk of Default

 

 

[...]

“It’s five minutes to midnight for Greece,” Former Bank of England policy maker Willem Buiter said in a Bloomberg Television interview. “We could see our first EU 15 sovereign default since Germany in 1948.”

[...]

http://www.bloomberg.com/apps/news?pid=206...LEGLU&pos=4

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